30 Jun '15, 9am

Check it out A Novel Way to Store Energy - Subtitle: A start-up company proposes to use pressurized water and old...

A Massachusetts-based start-up has leased an abandoned natural gas well in Texas and raised $1 million in seed money to test an experimental way of storing energy that ultimately could help businesses avoid burdensome demand charges for electricity. According to an article posted at Forbes.com , Aaron Mandell and Howard Schmidt founded Quidnet Energy three years ago to explore the potential of using old oil and gas wells to store high-pressure water as an energy source. Water pumped into the wells at high pressure — 600 pounds per square inch — would later be released to power turbines to produce electricity. "Instead of having oil or natural gas in these rock fissures, we will pump water in," Mandell told Forbes.com. "When you continue to pump water, you are basically compressing the rocks, which act like a large spring. When we then open that well, the rocks will force t...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/green-buil...

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